What Is A Normal Deductible For Renters Insurance?

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   David G. Pipes, CLU®, RICP®

   Business Development Officer, T.D. McNeil Insurance Services, Fresno, California

   There are several deductibles available for damage to personal property.  In a renter’s policy companies will often offer deductibles as low as $100.  The decision to select a low deductible should be based on your ability to sustain a small loss yourself.  The larger the loss you can sustain yourself, the higher the deductible you should select.  The higher the deductible you select the lower the cost of the renter’s policy.

   Answered on May 17, 2014

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